What is the global market size of Dietary Fibers Market?

Global Dietary Fibers Market size was valued at USD 6.73 billion in 2021 and is poised to grow from USD 7.35 billion in 2022 to USD 16.23 billion by 2030, growing at a CAGR of 9.2% in the forecast period (2023-2030).

Global Dietary Fibers Market Size, Share, Growth Analysis, By Material(Fruits & Vegetables, Cereals & Grains), By Type(Soluble (Inulin, Pectin), By Application(Food and Beverages, Pharmaceuticals) - Industry Forecast 2024-2031

Report ID: SQMIG30I2068 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 99 | Figures: 76

Global Dietary Fibers Market Insights

Dietary Fibers Market size was valued at USD 6.73 billion in 2019 and is poised to grow from USD 7.35 billion in 2023 to USD 16.23 billion by 2031, growing at a CAGR of 9.2% in the forecast period (2024-2031).

Dietary fiber's impact on heart health, including its ability to lower blood pressure and prevent cardiovascular disease, has been the subject of numerous studies over the past few decades. People who consume high fiber diets have a significantly lower risk of cardiovascular disease and lower mortality from these conditions, according to a review of studies. Fiber may have heart-healthy effects by lowering total cholesterol and LDL cholesterol, also known as "bad cholesterol," which is a major risk factor for developing heart conditions.

Due to a number of variables, including expanding consumer desire for natural food components, rising consumer knowledge of the need of maintaining health, and a host of others, dietary fiber are expected to have positive growth patterns in the near future. Its demand is rising as a result of technological developments in a number of manufacturing-related businesses as well as increased use of dietary fiber in other sectors. The growing popularity of plant-based diets is also anticipated to increase demand for dietary fiber in the food and beverage industry in nations like China, the U.K., Italy, the U.S., and others.

US Dietary Fibers Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Dietary Fibers Market Report Snapshots

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Global Dietary Fibers Market is fragmented and moderately competitive due to presence of many players in the market. To maintain a competitive edge and increase their market position in the global market, leading companies are increasingly focusing on implementing tactics such as adopting new technology, product developments, mergers and acquisitions, joint venture, alliances, and partnerships. Major players in market include BENEO, ADM, Cargill, Incorporated, DuPont and Ingredion Incorporated among others. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Cargill, Inc.', 'DuPont de Nemours, Inc.', 'Ingredion Incorporated', 'Archer Daniels Midland Company', 'Roquette Frères', 'Tate & Lyle PLC', 'Kerry Group PLC', 'Grain Processing Corporation', 'Lonza Group AG', 'Nexira SAS', 'Cosucra Groupe Warcoing SA', 'Fiberstar, Inc.', 'Südzucker AG', 'KFSU Ltd.', 'SAS Nexira', 'Taiyo International', 'Sensus B.V.', 'Baolingbao Biology Co., Ltd.', 'Suedzucker Polska SA', 'Hi-Maize Company LLC'

Demand for functional foods has risen as a result of rising consumer knowledge and growing consumer demand for dietary fibre. The fact that dietary supplements are plant-based makes them more popular with customers than other accessible health and nutritional supplements. Consumers are incorporating dietary fiber into their regular meals as a consequence, which fuels market expansion.

The development of food items with qualities that can enhance health and prevent sickness has received a lot of attention recently. Dietary fiber is added to meat products to improve physiological processes. Additionally, fibres can be employed to increase the quantity and quality of meat products. Cereals, vegetables, and fruits are traditional sources added to meat products. Fungi and secondary products of animals processing are non-conventional sources of dietary fiber. Both raw and processed kinds of fibres can be employed. Currently, various combinations are used in formulations. Healthy meat products may be created using any type of dietary fiber (usually with lower fat content). In most situations, formulations may be changed to provide additional sensory and functional-technological benefits, such as improved moisture binding, emulsifying ability, palatability, and colour. The flavour can occasionally be enhanced as well.

Asia Pacific region held the largest Global Dietary Fiber Market share in 2021. The region is also expected to witness the highest CAGR during the forecast period. Government programmes promoting the consumption of a nutritionally balanced diet along with rising consumer desire for healthy lifestyles will fuel industry demand. The existence of a broad market with various end users will present industry participants with profitable business opportunities. In the upcoming years, it is anticipated that China, Indonesia, and Japan will top the world in food and beverage production. In the years ahead, it is predicted that promising developments in the Asia-Pacific food and beverage sector would increase demand for dietary fiber. Several food and beverage, pharmaceutical, and supplement companies have established production facilities in the area as a result of the region's main countries, including China, India, Malaysia, and Indonesia, easing their FDI policies and investment rules. Additionally, the positive demographic situation will lead to an increase in company chances because both young and older people are looking for healthy diet and supplement choices to ward off illnesses.

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Global Dietary Fibers Market Size, Share, Growth Analysis, By Material(Fruits & Vegetables, Cereals & Grains), By Type(Soluble (Inulin, Pectin), By Application(Food and Beverages, Pharmaceuticals) - Industry Forecast 2024-2031

Global Dietary Fibers Market Insights

Global Dietary Fibers Market Report Snapshots

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